EMED Mining Public Limited (AIM: EMED, TSX: EMD) , the Europe-based minerals development and exploration company, announces its unaudited quarterly results for the three months ended 31 March 2015, together with the unaudited, condensed interim consolidated Financial Statements.
Period Highlights
- The Resolution containing the granting of the Mining Permit for the Rio Tinto Copper Project ("Proyecto Riotinto") was signed on 23 January 2015
- Continued onsite development ahead of planned production restart
- Ongoing infill drilling with a view to defining a new resource
Post Period End Highlights
- £64.9 million capital raising completed via a placing, open offer and subscription at 4.75p per ordinary share
- The proceeds allow the immediate completion of the Proyecto Riotinto refurbishment, leading to an earlier than expected restart of production
- Funding in place to expand production to 7.5Mtpa
- Liberty Metals & Mining Holdings, LLC is now a cornerstone investor alongside Urion Holdings (Malta) Limited (an indirect subsidiary of Trafigura Beheer B.V), Orion Mine Finance (Master) Fund I XLP and Yanggu Xiangguang Copper Co. Ltd (via its affiliated company Hong Kong Xiangguang International Holdings Limited)
- Appointment of Jesus Fernandez Lopez to the Board of Directors
Enquiries
EMED Roger Davey/Alberto Lavandeira +34 959 59 28 50
Canaccord Genuity Limited (Corporate Broking) Henry Fitzgerald-O'Connor/Oliver Donaldson +44 207 523 8000
Brandon Hill Capital Oliver Stansfield +44 203 463 5061
Walbrook PR Nick Rome +44 207 933 8783
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